Petro Carbon and Chemicals - AstroIPO

Petro Carbon and Chemicals IPO


June 25, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Petro Carbon And Chemicals Ltd., operating in the Industrial Gases & Fuels sector, is set to launch its Initial Public Offering (IPO) from June 25 to June 27, 2024. This mid-sized issue aims to raise between Rs. 107.21 – 113.16 crore through a book-building process.

The IPO’s price band is fixed at Rs. 162 – 171 per share, with a face value of Rs. 10. Investors can apply for a minimum of 800 shares, while the maximum retail subscription is capped at Rs. 5,00,000. The company is offering 66.18 lakh shares to the public.

Petro Carbon And Chemicals Ltd. plans to list on the National Stock Exchange (NSE) on July 2, 2024.

The industrial gases and fuels industry is a critical component of many manufacturing and industrial processes. Petro Carbon And Chemicals Ltd.’s presence in this sector might offer exposure to a wide range of industries that rely on these products.

Petro Carbon and Chemicals IPO Details

IPO Size 113.16
Price Range ₹162 - ₹171
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 800
Investment (cut-off price) ₹136,800
Pre IPO Promotor Holding 100.00%
Post IPO Promotor Holding --
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Petro Carbon and Chemicals IPO Timelines

25/06/2024
Start Date
27/06/2024
End Date
28/06/2024
Allotment Date View Status
28/06/2024
Refund Initiation
01/07/2024
Credit of Shares to Demat Ac
02/07/2024
Listing Date

Petro Carbon and Chemicals IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 800 ₹136,800
Retail Maximum 1 800 ₹136,800
S-HNI Minimum 2 1600 ₹273,600

Petro Carbon and Chemicals IPO Subscription Status

QIB NII Retail EMP Total
0.15 x 7.62 x 12.11 x -- 7.73 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹300 ₹315 ₹315 ₹285

Petro Carbon and Chemicals IPO Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹155.29 ₹154.100 ₹0.12
FY 2022 ₹279.93 ₹271.61 ₹5.71
FY 2023 ₹517.61 ₹508.11 ₹6.73
FY 2024 (9M) ₹351.98 ₹280.46 ₹50.29

About Company

Petro Carbon and Chemicals Limited (PCCL), a part of the 70-year-old Atha Group, is a key player in the carbon industry, specialising in producing and marketing Calcined Petroleum Coke (CPC). Headquartered in Kolkata, the company was initially founded in 1957 in Odisha as a mining and minerals enterprise. Over the past decade, the Atha Group has strategically focused on diversification, integration, and acquisition, significantly enhancing performance and growth.

Incorporation Date Sector Managing Director
2007 Chemicals Vishal Atha

Know Before Investing

Petro Carbon and Chemicals IPO Strengths

  • Demonstrates consistent growth under promoter Kishor Kumar Atha’s leadership.
  • Strategic plant location enhances logistics and reduces transportation costs.
  • Recorded substantial production increases annually, with significant 2023 growth.

Petro Carbon and Chemicals IPO Risks

  • Market volatility in the aluminium industry directly impacts demand for CPC.
  • Customer-specific quality requirements; non-compliance could lead to lost contracts.
  • High operational reliance on strategic plant location for logistics efficiency.

Swot Analysis for Petro Carbon and Chemicals IPO

Strengths

Weaknesses

Opportunities

Threats

Contact Details of IXIGO

Petro Carbon and Chemicals Limited Avani Signature, 6th Floor, 91A/1, Park Street, Kolkata - 700016 Phone: 033-40118400 Email: [email protected] Websitehttp://www.pccl.in/

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: [email protected]

Website: https://ipo.bigshareonline.com/ipo_status.html

Company Details

Petro Carbon and Chemicals Limited

Avani Signature, 6th Floor,
91A/1, Park Street,
Kolkata – 700016

Phone: 033-40118400

Email: [email protected]

Website: http://www.pccl.in/

IPO Registar Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: [email protected]

Website: https://ipo.bigshareonline.com/ipo_status.html

FAQs

The key objectives of Petro Carbon and Chemicals IPO are:

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
  • Carry out the Offer for Sale of up to Equity Shares by the Selling Shareholders.

 

GYR Capital Advisors Pvt Ltd. is the book-running lead managers for the Petro Carbon and Chemicals IPO.

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